- Sweden’s first public firm adopts Bitcoin treasury policy.
- Adam Back invests $1.4M in H100’s convertible loan round.
The Swedish health tech business H100 Group AB raised twenty-one million Swedish kronor, or about two million two hundred thousand USD, in a round led by Adam Back, the CEO of Blockstream. The company will use money from the funds to purchase Bitcoin as dictated by its new treasury plan. H100 has now become the first company listed on the Swedish stock exchange to accept Bitcoin in its treasury reserve.
H100 announced its decision to acquire Bitcoin on May 25, 2025, after the company chose to move in that direction on May 22. Adam Back was one of the first supporters of the campaign, contributing the equivalent of one point four million dollars. Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners were the beneficiaries of the last fundraising round, which totaled 800,000.
A series of interest-free convertible loans were used to acquire the capital for the corporation, and the maturity date of those loans is set for June 15, 2028.For 1.3 Swedish kronor per share, the loans may be converted into shares.. A full conversion would mean creating 16,153,846 new shares which would reduce the value of existing shareholders by 12%.
H100 Bolsters Bitcoin Holdings with New Funds
The newly obtained funds will be used by H100 to purchase approximately 20.18 Bitcoin. Following the acquisition of 4.39 Bitcoin on May 22nd, the corporation now has a total of 24.57 Bitcoins on account of this transaction. H100 is using the acquisition to build a stronger balance sheet using digital assets.
The company offers health tools that provide options for people who do not want to rely on standard healthcare services. Andersen, CEO of H100, noted that the company’s mission is in line with how the Bitcoin community values self-control. He pointed out that this common value will resonate with H100’s clients and the communities in which it works.
H100 is part of a small group of European companies that have chosen to work with Bitcoin. Data from BitcoinTreasuries.NET shows that there are 112 public companies around the world with Bitcoin holdings, but only 10 of those are located in Europe. Because of this, H100 is among the first institutions in the region to use this technology.
Funding Structure and Market Impact
With a convertible loan, investors can change their investments into equity according to a fixed conversion rate. The company can enforce conversion on H100’s stock if its price rises by 33% above the conversion price for 60 trading days. It gives investors the ability to manage their investments and supports H100’s strategy with Bitcoin.
After reviewing options like a rights issue, the Board of H100 chose convertible loans because they decided they were simpler and more cost-effective. To set the conversion price, those involved in the transaction talked through the market conditions and demand.
Adam Back being involved proves he is strongly committed to helping Bitcoin gain more users. As someone who introduced Hashcash and led in cryptography, Back has always supported the chances of Bitcoin. His purchase of H100 shows that he believes in the company’s plans and the growing trend of companies using Bitcoin.
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